Options for implementing a leadership change

Options for implementing a leadership change

Background

Gene One is a biotech company that has seen steady growth since entering the biotech industry in 1996 . It was founded by the late Don Ruiz and four other directors

During the last eight years , Gene One has grown to become a 400 million dollar company . Gene One wants to continue this growth , and has decided to gain additional growth and funds by issuing an Initial Public Offering (IPO . This is in to remain competitive in the market since it needs more capital for

new development , advertisement , and marketing if it is to remain successful

In for the IPO to be successful , Gene One needs a solid foundation to build upon . Gene One can take an in-depth look at key concepts such as effective teamwork through cooperation , trust , and cohesiveness , sources of conflict in organizations , knowledge management , elements of organizational structure , and assess the influence of organizational structure on power and politics (Scenario 2006

Gene One is a growing company with many opportunities for further growth in the future . With this change , Gene One needs to revaluate all areas of the company and find solutions to problems within the organization The company has many opportunities for changes , which will enable them to reach the goals needed . The key project is to find the best solution that will enable Gene One to reach their goals , and become better than its competitors . It will need to review the solutions that they have come up with , and the additional alternative solutions that have not even been reviewed (Holmstrom , 1994

Team analysis

After the death of Don Ruiz , there is a big leadership gap left in the management of Gene One . The team is therefore incomplete without him which is undesirable for effective management

Team building is both challenging and rewarding . Effective teams achieve results far beyond what individuals could accomplish on their own However , team building is much more than putting a group of people together and hoping for the best

Teambuilding is an art that overcomes differences in style , personality and other potential areas of conflict , but even when a team functions in

As Don 's siblings , we have found ourselves having to take part in leadership at Gene One . Each family member was assigned one member of the remaining four members of the executive . In to assess the remaining team 's likelihood of success , I gathered information about one team member and did an analysis on it . During my analysis , I found my subject to have the following desirable attributes

He can take charge , is assertive and can take control of a situation

He is outgoing , people-oriented and extroverted

He is concerned with accuracy , details and exactness

He is competitive , has a great desire to win and is aggressive

He is easy going and casual , and takes things as they come

He likes identifying and analyzing problems

He is concerned with timely results and is quick to take action

He is...